Financial Manager Salary Information in Memphis, Tennessee

The annual and hourly salary statistics of financial managers in Memphis, Tennessee are shown in Table 1 and Table 2, respectively. The wage information of financial managers in Memphis is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1 & Table 2. Annual & Hourly Salaries of Financial Managers in Memphis, Tennessee

Percentile BracketAverage Annual Salary
10th Percentile Wage
$52,870
25th Percentile Wage
$68,880
50th Percentile Wage
$99,210
75th Percentile Wage
$148,160
90th Percentile Wage
$200,720

Table 1 shows the average annual salary for financial managers in Memphis, Tennessee in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $200,720. The median (50th percentile) annual salary is $99,210. The average annual salary for the bottom 10 percent earners is $52,870.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of financial managers from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$99,210
2.87% 14.92%
2016
$96,360
1.16% -
2015
$95,240
1.08% -
2014
$94,210
3.55% -
2013
$90,870
7.11% -
2012
$84,410
- -

Table 3. Compare Financial Manager Salary in Memphis with Other Tennessee Cities

From Table 3 we note that with a median annual salary of $99,210, Memphis is the highest paying city for financial managers in state of Tennessee, followed by Nashville-Davidson--Murfreesboro--Franklin (median annual salary $96,140). In comparison, the median annual salary of financial managers in Memphis is 3.1 percent (3.1%) higher than that in Nashville-Davidson--Murfreesboro--Franklin.

Cities/Areas Median Annual Salary
Memphis
$99,210
Nashville-Davidson--Murfreesboro--Franklin
$96,140
Chattanooga
$93,300
Knoxville
$91,640
Johnson City
$90,330
Clarksville
$88,810
Jackson
$83,810
South Central Tennessee nonmetropolitan area
$80,770
Morristown
$72,540
Western Tennessee nonmetropolitan area
$72,340
Cleveland
$70,530
Eastern Tennessee nonmetropolitan area
$69,280
North Central Tennessee nonmetropolitan area
$59,040



See also: Top paying jobs in Memphis, Tennessee.